WBC: The company has been listed on the "SDN List" by the U.S. Department of the Treasury

Jin Shi Data reported on February 14th that WBC announced in the evening that the company has noted the recent release of the latest "SDN List" (i.e., "Specially Designated Nationals and Blocked Persons List") by the U.S. Department of the Treasury (OFAC), which includes the company. The company has immediately hired domestic and foreign lawyers to actively investigate the reasons for the sanctions and to verify the legitimacy of the sanctions with OFAC. The company's main business is the manufacturing and sales of bearings and their accessories. As of now, it has not established any branches in the United States and has no significant assets. The aforementioned event may have a certain impact on the company's future business. The company will engage in active, thorough, and effective communication with all parties, while continuously monitoring the progress of the aforementioned event and preparing for various response measures